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Chainlink has published a new white paper called Chainlink 2.0: Next Steps in the Evolution of Decentralized Oracle Networks. The new whitepaper outlines an ambitious vision for the future of smart contracts.

 

 

A new vision and Chainlink

Chainlink’s new white paper outlines a long-term, multi-year vision for the future of oracle-powered smart contracts. The article states that “Decentralized Oracle Networks will create a decentralized metal layer that enhances smart contracts with highly scalable, confidential and secure off-chain computing formats in addition to the external data feeds Chainlink supports today.”

Technical review

The Chainlink 2.0 White Paper is over 100 pages long and represents a year of work by the Chainlink team.

Written by a team of academic researchers from computer science fields such as security, cryptography, distributed systems, game theory, and mathematics, the article outlines a new architecture for the creation of hybrid smart contracts where Decentralized Oracle Networks offer all the capabilities that blockchains cannot offer.

The new tier enables a Chainlink Decentralized Services suite that powers a variety of secure, smart contract applications that can support a wider set of use cases than is currently available.

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